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Restrictions on distribution of profits and dividends (Tables) | 12 Months Ended
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Dec. 31, 2017
Restrictions on distribution of profits and dividends |
Schedule of dividends |
| 2017 | 2016 | 2015
Dividends declared and paid by Telecom Argentina during the year ($ 4.28, $2.06, and $0.83 peso per share, respectively) | (*) 4,151 | (*) 2,000 | 804
Proposed for approval at the Annual General Meeting (not recognized as a liability as of December 31) | (**) | - | -
(*) By reversal of the Voluntary reserve for future dividends payments. (**) The Company’s Board of Directors has proposed to the Shareholder’s Meeting the confirmation of the dividends’ distribution in advance (Note 33.b) and the allocation of the outstanding retained earnings ($1,989) to the constitution of a “Voluntary reserve for future dividends payments”, with delegation to the Board of Directors its subsequent reversal and availability.

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